Fundamentals of Exchange Rate Determination: Malaysia and the ASEAN Emerging Countries
DOI:
https://doi.org/10.66674/se1t0397Keywords:
Exchange rates, foreign debt, growth, monetary and fiscal policy, parity theorems, reserves, trade and capital flowsAbstract
Abstract: This paper reports new findings on exchange rate dynamics concerning non parity Fundamentals and party factors effects on exchange rates within a group of closely trading emerging countries: non parity fundamental factors suggested by economic theories have yet been systematically related to exchange rates. We use a high- and low-frequency mult- country pooled time series panel data approach. The evidence that emerges from this paper is that non parity factors, which we included, are significant contributors to exchange Fates. These new findings on other than-parity fundamentals add to a richer understanding of exchange rate behaviour as well a clarify why existing findings are mixed.
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Copyright (c) 2008 Catherine S.F. Ho, M. Ariff (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright and grant Capital Markets Review the right of first publication. Articles are published under the Creative Commons Attribution 4.0 International (CC BY 4.0) licence: https://creativecommons.org/licenses/by/4.0/. This licence permits sharing and adaptation for any purpose, including commercial use, provided appropriate credit is given, a link to the licence is supplied and any changes are indicated. Third-party material excluded from the article's licence must be clearly identified, and authors are responsible for obtaining any required permission.
